Capital expenditure—capital expenditure supplementation number
85 Capital expenditure—capital expenditure supplementation number
In this Act:
capital expenditure supplementation number, for a program year, means:
1; or
if the regulations specify a number under subsection (2) for the program year—that number.
For the purposes of this Act, the regulations may specify a number to be the capital expenditure supplementation number for a program year.
A number specified under subsection (2) may be greater than or less than 1.
Before the Governor‑General makes regulations for the purposes of subsection (2), the Minister must consider changes in the following indexes:
an index of building prices specified in the regulations;
an index of wage costs specified in the regulations.
Despite subsection 14(2) of the Legislation Act 2003, regulations made for the purposes of this section may make provision in relation to a matter by applying, adopting or incorporating, with or without modification, any matter contained in any other instrument or other writing as in force or existing from time to time.
This Act’s bill:Explanatory memorandumSecond reading speech
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